Och-Ziff Capital Management Group LLC urged a New York federal judge on Thursday to dismiss class action allegations it artificially inflated stock prices by hiding Foreign Corrupt Practices Act investigations into multimillion-dollar payments it made in Africa, saying plaintiffs' complaint doesn't lay out enough specific facts pointing to bribery.
The California Franchise Tax Board on Wednesday released guidance saying it would allocate sales and commission income to the owners of interest charged-domestic international sales corporations, a structure aimed at spurring exports of American goods, for state tax purposes.
A U.S. International Trade Commission judge took the “drastic remedy” of disqualifying Dentons US LLP from representing an Ohio company in a patent suit against Gap Inc., saying the Swiss verein structure of the firm did not prevent lawyers from breaching their duty of loyalty to Gap, a longtime client.
The U.S. Agency for International Development announced Wednesday that it will lend its support to the formation of a sweeping coalition that will help developing countries implement a World Trade Organization agreement that will slash customs barriers and red tape at ports around the globe.
Following up on their trip to Cuba last week, representatives for the corn and dried grain industries on Wednesday urged the Obama administration to forge ahead with its efforts to improve trade relations with the island nation, which they touted as a potential gold mine for U.S. food producers.
Six Republican senators on Wednesday called on the Export-Import Bank to release a timeline for its orderly liquidation, a day after Congress failed to reauthorize the agency for the first time in 81 years.
Japan hit Brazil with a complaint at the World Trade Organization on Thursday, asserting that the South American trading giant has imposed tax and subsidy programs that put foreign companies in the automotive and information technology industries at a marked disadvantage.
An embattled halal food company and its directors have accused the U.S. government of enforcing foreign religious codes in violation of the First Amendment with its ongoing suit over allegedly mislabeled beef exports, according to a Tuesday filing in Iowa federal court.
The White House warned that American businesses would suffer, falling behind China and other rivals as a result of Congress’ failure to reauthorize the Export-Import Bank on Tuesday for the first time in 81 years.
The Council of the European Union on Tuesday announced it has agreed on a compromise proposal to alter the 28-nation bloc's ban on seal imports to comply with a World Trade Organization ruling in a case lodged by Canada and Norway.
President Barack Obama announced Wednesday that the U.S. and Cuba will reopen embassies in each other’s countries, with U.S. Secretary of State John Kerry travelling to Havana later this summer to take part in re-establishing the embassy there, which legal experts say could provide a new method for obtaining visas.
New Zealand Trade Minister Tim Groser on Tuesday declared a final agreement to close the 12-nation Trans-Pacific Partnership as “ripe for the picking” but emphasized he will need to see final offers that will improve market access for dairy products, his country's most important export.
Hogan Lovells said Tuesday it has nabbed high-profile litigator Marty Steinberg from Bilzin Sumberg Baena Price & Axelrod LLP, who will continue defending large multinational clients in Foreign Corrupt Practices Act investigations, class actions and other high-stakes litigation.
After Greece’s historic default on a €1.55 billion ($1.7 billion) International Monetary Fund payment that was due Tuesday, experts say fallout from the high-stakes showdown isn’t likely to disturb European capital markets in the near term, though long-term uncertainties linger.
Any trade with Cuba under the normalized relations sought by the Obama administration would be explicitly banned from touching the communist country's military or security services under a bill introduced last week by a group of GOP lawmakers in the U.S. House of Representatives.
President Barack Obama and Brazilian President Dilma Rousseff on Tuesday outlined a broad agenda of measures to expand trade between the two countries, praised a recent decision allowing Brazilian beef exports to the U.S. and reiterated a commitment to promoting sustainable agriculture and reducing greenhouse gas emissions.
European bank investors have remained relatively sanguine despite a looming Greek default on a €1.55 billion, or $1.73 billion, International Monetary Fund loan, but panic could ensue if Greek banks don’t survive the current crisis.
The burgeoning debt crisis in Europe reached a boiling point late Tuesday as Greece got closer to defaulting to the International Monetary Fund on a $1.8 billion loan, an outcome that could ultimately result in Greece exiting Europe's single-currency system.
The European Union's governing bodies announced an agreement Tuesday to end all cellphone roaming charges in the bloc starting in 2017 and to begin enforcing net neutrality as a principle of EU law next year.
The Federal Circuit on Tuesday acknowledged the harsh nature of a U.S. Customs and Border Protection rule requiring the full payment of duties by an importer before a court case can proceed, but nevertheless found the policy to be in line with the due process requirements of the U.S. Constitution.
The U.S. Court of International Trade's recent opinion in Meridian Products LLC v. United States deals a blow to attempts by the U.S. Department of Commerce to narrow the scope of finished goods kits exclusions to the anti-dumping and countervailing duty orders on aluminum extrusions from China — demonstrating that the DOC’s interpretations are vulnerable on appeal to being overturned, say Douglas Heffner and Richard Ferrin of Drin... (continued)
Two recent U.S. Court of International Trade opinions involving furniture companies have highlighted some of the specific complexities and risks of importing goods subject to anti-dumping and countervailing duty orders, says Maureen Thorson at Wiley Rein LLP.
The U.S. Department of State Directorate of Defense Trade Controls has released a proposed rule amending the International Traffic in Arms Regulations with respect to the provision of defense services by U.S. persons working for non-U.S. entities. U.S. employees of unaffiliated non-U.S. companies are disproportionately impacted by this proposed rule, but the rule does not provide a practical path to compliance for such companies, s... (continued)
While most of the congressional trade debate has centered around whether to renew Trade Promotion Authority and the merits of the Trans-Pacific Partnership, the full package of trade measures is contained in a trio of bills that reflect the delicate balancing of interests that was necessary to ensure passage of the U.S. trade agenda, say attorneys at King & Spalding LLP.
In legal marketing circles, there are few topics peddled about more than “hot tips” for improving your law firm’s website. Google it. You’ll find more advice than you could ever digest. However, there are larger trends in technology, culture and user behavior that are impacting firms in very significant ways and are not being talked about nearly as much as they should be, says Stephan Roussan, founder of consulting and web developm... (continued)
Latin America is open for business and the world is taking notice. Foley & Lardner LLP partner Jeffery Atkin discusses which countries are actively taking on development projects in Latin America and how the culture is affecting their work there.
The trial of former PetroTiger Ltd. CEO Joseph Sigelman came to an abrupt end last week after prosecutors agreed to a plea agreement that appears to include terms favorable to the ousted executive. The case garnered widespread interest in part because criminal Foreign Corrupt Practices Act cases are rarely tried — this was only the fourth FCPA prosecution in as many years to progress all the way to trial, say attorneys with Norton Rose Fulbright.
U.S. trade sanctions against Russia have been an area of rapid and constant change in the past year. Following four key due diligence steps can help determine whether a risk of diversion of goods to Russia is present, say Christoper Brewster and Amelia Schmidt of Stroock & Stroock & Lavan LLP.
In a recent notice, China's Ministry of Finance moved to eliminate export tariffs on certain aluminum products. However, the issue at hand is not whether China increases or reduces export tariffs, but how to address the relentless, subsidized expansion of China’s aluminum industry regardless of market dynamics, as this expansion hurts the global aluminum industry, say attorneys at Wiley Rein LLP.
The subtle evolution of force majeure provisions has had the effect of negotiating parties all too often treating them as boilerplate, rather than considering the wide variety of scope and other factors courts read into the provisions, say Peter Crofton and Erin Peterson at Smith Gambrell & Russell LLP.